points lost from the peak january 3rd into last month's low so that's both a good spot to say, that the worst is over and also for when the sellers say maybe it's our second shot. >> way to hedge yourself. >> bounce back and terrible month in the books thanks so much for "closing bell." "fast money" starts now. >> live from the nasdaq market center we look at "new york times" times square. this is "fast money. i'm melissa lee. tonight guy adamnedy, tim seymour, karen finerman and tonight on "fast" deep discount or deep value? still down 20% to start the year so are the high-valuation stocks on sale or is there real value in the pullback and we're tracking the after-hours action. shares of cirrus logic and nxp, bring you the latest on both of the trades and why netflix sees

even more upside for the beaten down streaming stock we'll wrap up a volatile january. the s&p 500 jumping nearly 2% and nasdaq more than 3 today's real doesn't erase all of the pain from this month. all three major indices reporting their worst month since the start of the pandemic, nasdaq closing out its second worst january in history behind the month of 2008. ten s&p sectors down and energy the only one to see gains could. there be more volatility and pain to come guy? >> hi, mel whether i believe it or not, it's happening, and i do think there's going to be more volatility to come i do there there's going to be more pain to come, but let's just talk about the context of why we bounce in my opinion, and this isn't monday morning quarterback. we sort of talked about this for a while. the levels we traded down to i guess last week at 4250 or so level in the s&p 500 sort of mirrors where we bounced from in late september, early october,

number up. number two, the market got its lifeline in the form of microsoft which we had discussed, and apple flitting down into that prior all-time high of 156, 157 from september, so it all makes sense. the problem is i don't think the worst is over, and by the way, i think it's worth mentioning, you know, 210s now, 59, 60 basis points and i said i think we're headed to 30 basis points in the form of 1.5 in the two year and 180 in the two-year. i don't think that fits particularly well for the broader market. >> guy mentioned the lifeline provided by the big-cap text that have reported already a lot to come and bringing up the rear, high valuation names seeing a bounce as well and we'll get more into that specifically you take a look at like the work from home etf, tim, names like zoom and peloton, i mean, that was up 4% today, outperforming the broader market. >> yeah, look, i think they all took their leadership from the semis and we'll talk about those

a little bit later on and we'll show dr. carter on the show on friday we'll get a bounce so a 10.5-% move on the intraday lows on friday for the semiconductors, i think has spurred on high growth and, again, i don't think that a day or two of trading changes the tone for a lot of these high multiple stocks. you know, to be clear, i actually think there's still a fair amount of pain but i also think that some of the stay-at-home stocks, the docuzions, the zooms, are ones you can look at relatively to their pre-covid positioning and understand how much stronger these companies are and, that you know, you've effectively annualized either at zero or less than 10% in a couple of these names. i do think that the move in semiconductors is part of this story, but i think this is all coming from extremely oversold positions. it's the last day of the month, folks. i wouldn't get too worked up over this even though a lot of people are breathing a sigh of relief. >> skepticism about the bounce

what do you say? >> i mean, it's a bounce but i think, you know, i always tend to fade or at least put some context around moves that happen month in and quarter in. you've got to keep in mind that you've got your index, whatever your sblin that you're being compared against, and a lot of people have been underweight a lot of the performance sectors that we saw today so that's going to lead to if you see, particularly in a higher volatility take, when you see moves bounce back to the upside against the way that you've been positioned, you've got to kind of recalibrate and get yourself in line with what your baseline or index comparison that you're going to be compared to. i would like to see a bit more follow-through before proclaiming that this is the bottom and this is the time to get back in, but i do think it does speak to the underlying tone that tim and guy have both pointed out that a lot of the names have kind of retrace and traded down and shed several multiples have become stronger through covid and are now in a

better position for at least long-term core positioning >> so it sounds like the fundamental backdrop to the markets, karen, have not changed but the degree -- the valuation of these names changed, so in -- in that respect you do re-evaluate some of these stocks in light of that haircut >> maybe, right? i mean, i think the things that made that happen are still present, right, the idea that the fed is no longer, you know, going to be completely zero forever, so that's changed that's very big. the market sort of hates uncertainty. i think the market will digest it fine once we know a little bit more about the past. march will have a lot more data about that it's interesting to me to note that the vix at 25, the vix doesn't normally hang out at 25. it goes one way or the other which means the market will go one way or the other so i didn't get the sense that we had the complete crescendo of vix, you know, spike into the 40s and selling, so i kind of think we

might be in for that again i don't know, but i don't think the vix is going to stay around here the other thing is we're now at earnings season which i really like because then you can peg valuations to something a lot more tangible so we'll see saw a lot more earnings. microsoft and apple set us up nicely had a huge week this week with amazon and facebook and so many others i actually bought some facebook today so that i think will help us figure out how the market is going to go. >> bonawny, in terms of the vix hanging out at 25, that's not a normal state do you think we'll see that spike higher that will sort of signal to everybody that the crescendo is here, that the capitulation is here >> well, for several years, we've kind of been spoiled by, you know, a sub 16 and a time sub12 fix. i actually think we're here for some elevated volatility and that this 24, 25 level is there.

i mean, thattism place less than a 2% move, and we got that today even in certain parts of the market so, you know, i think 20 is probably the level you look to buy it. you probably let go mid-30s but i think we're here to say for a little bit. >> guy, iffy we are going to be volatile here, i mean, what do you do >> it's hard to dip your toe into something, you know, if you think that we're going to be up or down intergers in a single day. >> it's interesting. i mean, it's fair. when we built this show on sort of a trading show, you know, i think this is a traders' market. tim talks, and i hate that term but it's true. tim has said for months that more fed equals more volatility, and the fed is no longer underwriting this market they basically have told you, that and i've said this and i know it's somewhat tongue in cheek but i believe it you know, their dual mandate of making sure the s&p 500, nasda were going higher. they were successful in that for a long time and now they focus

their attention to inflation, and if you believe the mantra that you don't fight the fed and that's typically said when they are putting liquidity in the market and by fight the fed you're bullish well, now that they are taking it away. if you're now bullish, you're fighting the fed to the downside that's just my two cents here. >> so if you're going to believe that man tracks tim, that the extrapolation of that is that you shouldn't be long the market for some time if they are in a tightening mode. >> well, we spent a lot of time on the show trying to talk about what being long the market is or not, and i certainly wouldn't recommend people leaving this market i would recommend that some of the rotation that we talked were, i think there are places that are you going to see the beneficiaries of higher interest rates or reflation or inflation, and i do think it helps industrials and commodities and certain parts and even health care this is more part of the story in fact, it's more of a

rationalization of multiples and when you're willing to pay for conscience and that's why we've seen such extreme reactions to companies that have guided down for the first quarter, especially those that have higher multiples that's the backdrop, and what we're talking about is an environment where equities real he a lot of room to run based upon, let's not forgot forget, we were waiting for this period of normalized earnings past covid. omicron or not, you have to listen to companies and really get a sense of where business is going to be 2022 and 2023 so the mulligan is gone the fed is gone. doesn't mean that you run from the market means there's different ways to be investing. >> speaking of the high multiple names. arc innovation a nice pop today, jumping more than 99% for its best day since march and it has had a rough run. take a look at how the biggest holdings have fallen from the

highs. all trading well off their peak. kathy wood sees this drop as an opportunity to double down on some of these names and saying in our market commentary after collecting for 11 months, innovation stocks seem to have entered deep value territory the valuation is a fraction of peak level and that got us thinking are the stocks keenly discount or is there deep value >> we had value plays in the arc universe this is an important one for the conversation deep value versus simply being deeply discount. there is a difference between the two. >> yeah. there's definitely a difference. that saying that any of those stocks that they traded $1,000, $10,000 per share, if it came down to $5,000 that that would mean there's deep value but it doesn't. also depends on so many other factors than being a lot cheaper than it used to be that having been said though, i do think there's some interesting plays there.

to me it's coin-based. it's not super cheap, but they actually do make money, and i think in this land grab for wallace i think they are positioned nicely. stocks well off of its ipo, well off of its highs obviously as bitcoin trades down, bitcoin and other currencies trade down. it's traded down with it, but i think they are well-positioned and that's the one that i like the most. >> tim, you choose a work-from-home darling. >> yeah. like teledoc and, again, this is all in the context of relative to themselves, and -- and there's an argument, you know, that this is an oxy moronic game could these stocks ever be considered valued but teledoc and four and a half times 2023 revenues is simply discounted from where it was. you can make the argument that you have at least a margin enhancement that they have had the last two years increased that by 700 basis points that's expected to continue

economies of scale this is a story that actually i believe that this is a company that really has the ability to grow, and four and a half times sales, you know, that's something that i could pay for there's a lot of snoks there that i don't think you've changed the dynamic here but this is one that's pretty interesting to me. >> bonawyn, what's yours >> trimble is another one that fits the bill and in terms of value, value, i make the quotation marks there. it checks all or most of the boxes with the exception of dividend yield but at 24 times forward pe and 15 turns cheaper than its five-year average positive cash flow i think trimble very much fits the bill essentially trading in line with the overall general market, and you get that innovation upside. >> guy, you went all the way back to your 2021 acronym for yours. >> yeah, i did, and listen, i mean,

mean, plant palantie, i don't understand the power of them or maybe they haven't done a good job saying, but i will say i think they will make offerings from medium-sized businesses you hear that all the time and the stock in the 13 handle is just too cheap in the arena. >> treacherous market activity will pave the way for a violent rally in february. tom, always good to see you. >> yeah. great to see you, melissa. >> january was rough you thought january would be rough, but you didn't think it would be this rough. is the flip side to that that you think the violent rally in february will be even stronger >> yeah. the setup looks like the "v" for

february is not valentines but violent rally, and i think there's a couple of reasons for that one is that we know that retail sentiment got so negative that it was the worst since 2013 but the last six times it was this negative, six out of six times the market was higher three months later so i think we're in an easy sort of risk/reward for the month of february. the second is retail cash. we're going to talk about this with our clients tonight, but if you look at retail money market cash from ici, retail investors basically assumed a bear market was starting so they raised so much cash in the last couple of months that we're essentially resetting a risk-on rally, and the third is, i mean, this is anecdotal. i've been to a couple of conferences this past week, but i didn't find anybody bullish. when institutional investors are cautious and retail priced in a bear market and the sentiment is the worst in eight years you could have a huge real, and as we've written before, recovery

from a fast selloff are typically semitic meaning you should expect a violent rally. >> tom, it's karen thanks for coming on we always appreciate having you. you know, you know we like acronym here yours is beeff bitcoin is part of it. are you using bitcoin itself or cryptocurrencies in general and where do you think bitcoin in that spectrum is >> karen, that's a great question when i talk about bitcoin in that acronym it's really crypto, burks think bitcoin, etherium and other layer one block chains are important core holdings but the reason i use bitcoin it's the most liquid and also the most safest from a regulatory perspective, and we know that in february there may be some regulatory ---ings you know, executive order coming from the

white house and that might make bitcoin look a lot more appealing. >> tom, speaking of those sort of v-shaped bouncebacks, we were talking about the arc innovation etf, and i was wondering if you also see the sort of violent bounceback for the names that have just absolutely bombed out, and i know you're not an individual stock-picker but names of this ilk. >> yes mark newton, our technical strategist last week wrote about how he's been watching the arc etf itself and thinks that it's making an important bottom so i think the next couple of weeks will be really inciteful but it does look like the arc needs to be respected and will be part of that v-shaped rally. >> tom, got to leave it there. always fun to get your perspective. tom, beeff, it's fun and better catchy do you like that, energy, financials, those are the other

letters? >> i love energy, and, listen, i'm not going to get into the bitcoin thing but having been cut in half and seemingly found a bottom at a prior low that we've bounced, from bitcoin makes sense, but energy to me makes a lot of sense you know, we've talked about it i think for a while. we have paul sanke on a month, month and a half ago and people underestimate how high crude oil can go and subsequently the underlying stocks and if i'm not mistaken i think energy was one of the better performing sectors of january and i think that that continues. i understand what tom is saying. tom was the guy saying a month and a half, two months ago was saying be cautious into this period of time if he says we're going to see a knee-jerk rally i'm not going stand in his way i think there will be more volatility fryar that. >> bonawyn, would you buy into the violent v-shaped rall? >> as a training position yes. i'm still cautious

the fed said they will be data dependant and i think we do as well aside from that, i'm still a little cautious. >> all right come up, the biotech breakdown the group notching its worst month since 2018, but one top analyst has four names showing sips of life got the trades ahead and we're all over the after-hours actives in the cpshi cirrus and nxp wit we got this. when "fast money" returns. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones

aside from that, i'm still a cirrus and nxp with news on that what happens when we welcome change? we can transform our workforce overnight out of convenience, or necessity. we can explore uncharted waters, and not only make new discoveries, but get there faster, with better outcomes. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change-- meeting them where they are, and getting them where they want to be. faster. vmware. welcome change.

baas >> welcome back to "fast money." we've got an earnings alert on two chip names cirrus logic and nxp >> let's start with nxp. shares are reversing early gains. or the double digit rise that wall street was hoping for, ahead of today's report, piper sandler downgraded the stock on neutral around the pace of orders slowing down in the second half of the year as supply chain constraints normalize and then there's npx writers asking is this as good as it gets they it to see growing customer demand, outstripping supply as

inventory across all markets remains very lean. taken together this underpynn's our continued can have against of robust growth throughout 2022 a big move in the stock that was up 8% in the regular session, the company announcing a dividend hike and a bigger stock buyback program but the chip supplier which does make roughly 50% of it revenue from the automotive industry has been -- come under pressure as part of this broader tech selloff we've seen in 2022, stocks down about 15% from its respective 52-week high so what executives say tomorrow on the conference call could provide a good lens on future demand. sticking with semiconductors, check out shares of cirrus logic rallying here after hours up about 4% it was up as much as 10% solid beat on earnings about a 40-cent beat on its bottom line. plus very strong guidance for the fourth quarter let's go back to you. >> seema, thank you. seema mody, very different outcomes in terms of after hours

trade. tim, what do you make of them? >> well, look, nxp, a case of where the stock like many semis i was was down 23% to intraday lows on friday the fact that they have reiterated a three-year growth, you know, between 8% and 12% is a huge relief to the market. you're at a place where, again, some of these -- some of these chip companies appear more commoditized than others and the relines on the auto sector is higher and the near term he hadwinds are there i wouldn't be worried about them beyond, you know, the near term. in other words, i think you've got a gays and it was a good day to be a semiconductor stock and i would be cautious on falling through a 15% move. >> even if you don't own an xpi, it's a good read on the enmarket, not just the automotive guy. >> i don't think we talk about it often enough. i hear what tim is saying.

first of all, look where it's stopped on friday. go back to october 11th or so. stock traded down to 1180 and had a huge bounce to all-time highs in december of 39. we did ton decent volume, by the way, close to 5 million shares at 17 times forward earnings it's not that expensive, and i think they have decent revenue growth and will back that up, so to your point it gives you a lot of clarity as to what's going on i understand what piper did here downgraded the stock 210 price target but i think you can say along the stock against the lows we made on friday. >> where do you find value in chips, karen >> well, qualcomm, but that's actually run a long way, so i wouldn't -- i wouldn't be a buyer probably up here, especially on a day like today and in this very strong run. can i point out one thing in nxp. i don't know if it was right when the company said there was

material weakness in their i.t. general -- i don't know exactly. i knew what each word meant but i didn't know what they meant all together haven't filed a 10k. it's fine that they haven't felt it have plenty of time to do that i just need more explanation could be nothing can't be something wonderful but it could absolutely be nothing so i'm interested in that. >> even with just computer programs, when they pick up material weakness. >> that's something worth keeping an eye on. just getting started on "fast money. here's what's coming next. >> biotech blues, the group notching its worst month before but is there a pulse left in the trade. and netflix doing anything but chilling shares jumping as analysts dream in and the ceo is getting in on this surge is this turnaround for real? we'll break it all down. you're watching "fast money. live from the nasdaq mkeart site

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welcome back to "fast money. relief for the biotech the xpi etf rallying for the second day in a row, the largest one-day gain in more than a year and january wrapping up the worst month. it's had the third worst monthly performance ever our next guest said there could be opportunity in the sector jarred, great to have you with us. >> appreciate, it melissa. >> i read your note this morning and was face natted by it in terms how bad the metrics have been for this space and got to the point where you wrote about funds that had been getting into

the sector over the last, you know, months of 2021 so there isn't much ammunition left for them to continue getting into this trade who is the buyer at this point >> well, yeah. i think we have to look at, you know, other money managers to sort of start the party up a little bit mutual funds, stock and wealth funds, funds that have been underweight for a while. that's really the right call the prices with the securities moving down to the same degree, there's a lot of opportunity if you have a longer term strategy and aftera 20% correction just in one month, and we were talking about whether this index would move higher at the start of the year, and it's been the worst start, that you know, we could have imagined, so i think, you know, money managers who have really not been heavily invested in biotech yet, you know, could serve as the catalyst to move us back up here. >> these are levels that you point out that we haven't seen

since hillary clinton talked about drug pricing i mean, things are that bad. is this the kind of sector that you can buy the etf in, or is this the kind of sector that you have to dig in and understand the fundamentals of individual names? >> you might be able to do both here, because the xpi is almost representative of pretty much every other stock in the index at this point. we've had pretty much the bottom half of this group trade in tandem with the top half meaning lower quality stocks trading to the same degree as the higher quality revenue generating in some case, earnings generating and in some cases stocks so it's pretty much the same i think you can probably play the index because some of the lower quality names, so hardto see them go down even more so today's move reflective of the fact that the short covered stocks, you know, maybe some coverage took place today, but i think you can probably do most

ownable given the amount of destruction and valuation that we've seen and then, again, probably by the xpi, you're still the trade. >> i want to get to the individual names you've got three of them you're bringing to us starting with horizon. >> yeah. i think horizon is interesting here, generating multi-billion dollar top line company in eye ideas that they really crushed in terms of finding patients, and this was $120, very recently down at low as 80 and it's come back along with the rest of the group. i think verizon is a shot, real. infrastructure and then's an oncology

department with a host of drugs and others awaiting to be approved and we're trying to find legitimate enterprises that have traded just as poorly as those who don't have any of these attributes at all. >> jarred holtz of oppenheimer guy, where do you stand on this. this sort of gets back to the conversation that we started the show with with the arc innovation names at some point these things are going to bounce. the feis did you want -- i think 99 -- if you look at what we talked about, i hasn't get -- are morgan stanley just upgraded the stock as well and anusolation.

c-jen, one names he brought to the table is really -- >> bonawyn, who you get in bioforecast? >> it's one of the cheapest in the group and it's a bit later tage i can understand buying the tier so you want to make sure you're in the top >> very, very -- what would you do here? >> i would skwik being in rernlgon certainly has fared well for covid so the code of ab cook stale seen as the

preverdicttive in a status quote. i think if you look at their future in oncology it's very optimistic they have had a lot of progress and have $1 billion to spend on internal research and they are doing just that and it's nine half times forward we talked about you have a lot more defense and regeneron is different as well. you can't paint them all with a broad brush. >> netflix streaming higher and that has the message >> emergency all the nffees. some of john lenson's web page. >> get your trades to go with the "fast money" podcast catch us anytime anywhere and follow today on your favorite

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welcome back to "fast money. netflix 11%.

upgraded from a buy to a neutral by citi and reed hastings scooping up more than 50,000 shares or just over $20 million worth of stock and one of our traders hit the buy button on this name today. karen, you added to your position, why? >> right well, i thought, you know, i wanted to buy more since the earnings, and i only had bought a little bit, but then i saw that reed hastings report and i thought it was interesting one thing that was really interesting about it was that $20 million he spent caused such a frenzy in the stock that i think that he made about $200 million plus on the rest of his holdings so that was money well spent over the weekend, for sure, and i think this story has gotten -- well, it's not cheap certainly not expensive relative to self and its history. not on the growth trajectory that it was, but it should always trade at a premium. obviously there's a huge subscription business there and those that are valued

differently and i don't necessarily think that one miss is the end of the story there, that they will never grow again and i think they do still have pricing power if you think about it to me that would be the last thing that i would cut off so i like it and i like that he owns a lot and he owned a lot also, so i like it i'm in it for a while. >> city cited ample pricing power and said investors are getting caught up on things like all the competition out there as well as the stronger dollar hurting mar egyptian, tim. you bought this on the earnings. i'm wondering how you're thinking about the trade at this point. >> yeah, i added a little bit to it our "fast money" folks know it's not like i've been a raging infliction bull over the year. you guys can do that mavmt that's 25, 26 times, actually not expensive at all, and i think -- if we weren't concerned about competition and reed hastings has certainly talked about the -- you know, the

legacy secular trends here that i think will help every and all play, i don't know why you're suddenly concerned about competition after this new i would agree. hey, it hasn't been a straight linear path forward for netflix in a world where they have amassed 225 millio going after them now this was a company before selling off 30%, 35% over the course of the ten days around those earnings, you know, it was -- it was actually growing into a -- an interesting valuation before all of that, and that was part of to me my reason for getting the stock. >> all right coming up. lucy in the sky with nfts. john lennon memorabilia going up for auction on the block chain a man known for the auction joins us news on paypal.

that's all ahead "fast money" is back in two.

welcome back to "fast money. beatles fans listen up some of the band's memorabilia is up for auction in the form of nfts six items including paul mccartney's handwritten notes

for "hay jude" are for sale. the bids close next monday so the clock is ticking let's bring in the head of the sale with john lennon's son julian welcome, josh. great to have you back on the show. >> great to be here. >> let's be clear about this the person who actually wins this auction won't own the physical, you know -- the physical lyrics to "hey, jude," for instance, they will have the nft version. what has the demand been so far for these items? >> the demand actually has been very high, and what this actually is a digital pairing where we're taking a physical good and we're creating a digital pairing of it or a twin of it that is authenticated by the original owner with true authentication and provable scarcity in this case. >> sounds like alchemy, josh you have one item and you're able to hold the item and own the value of the item and sell

an nft duplicate of it and make even more money? >> yeah, that's exactly what's going on, you know as we move into a digital universe and into the metaverse the physical goods will need to become digital in order to become memorialized and if you think about it think about potentially a beatles universe, you'll need authentic goods to be able to convert them from digital in the future. >> what's been the most pop? >> the "hey jude" lyrics have gone 050 k so we expect it to go much higher. >> if you have a avatar in the metaverse, can that avatar wear the auction or is it just the ownership of the nft that brings joy? >> potentially you'll be able to wear that coat in the metaverse

if you own it. anything is possible, but it will be a highly collectible and years ago when we were doing this and saying we needed authenticity, the early stages of digital pairings when you look at collectibles, memorabilia, even luxury goods and watches, these are things that are going to require, you know, nfts to create authenticity and opener ship people are fired up on the beatles right now. we're also fired up on the possibility of seeing, you know, rock 'n' roll via nft tickets, and how do you see this changing in a world where we're all frustrated, think of master live nation, and for artists this seems to be a great opportunity to connect with fans and given the fact that you've killed on top of the concert ticket and

whatever it means on the follow-up. >> absolutely, tim you know, nft tickets is something that we do at yellow hart and something that we've been pioneering and what it does is it creates an environment where there's no middle man who is a bad actor there's no more counterfeit. all memorialized in the contract and who has what it's very hard to create fraud and misrepresentation in that market and if you look at the like event section it's been fraught with middlemen take a look at ar trying to harvest and fight this all the time but there is a cottage industry of scalping that can really get decimated with the use of the nft ticket. >> sorry to be all hung up on the digital physical pairing knowing so what happens if the physical good is destroyed or

changes hands? >> so when the physical good changes hands i think in the future you're going to see both items being sold together in some cases and there being separate items in some cases, so if the physical goods changes hand technically in this case the digital good will still remain with the owner whoever wins the auction. >> and if the physical good is destroyed what happens to the value of the nft >> i think it will go through the roof. >> josh, thank you for your time always fascinating to hear from you. >> thank you. >> thank you. >> guy, are you going to bid you've been known to business. you and karen have began to -- my avatar is bidding fiercely in the metaverse. i enjoyed that with karen much better because there was something tangible so this is not intended for me so i won't

poo-poo it mike mahaney has cade the coin base will be the bank of the metaverse and that move to 160 was epic in terms of how it flushed so many people out so i don't think it's for this week or next week or next month, but i think coin base is probability way you play all of this. >> there are also various cryptos, karen, as you know that are powering these auctions. i mean polygon layer ii is the one powering this one so if you look even beyond bitcoin there's a lot of coins for investment if you want to get in on this trend. >> yeah. i think polygon two is that. less energy usage. >> i've got to tell you this whole nft thing, i can't help but think that we're going to look back on these asset sales and just that they will be ridiculously high, not low, but, you know, that's just me. >> yeah.

>> time will tell, as they say coming up. paypal earnings on deck and options traders are charging it ahead of the wd.or how they are playing the fintech reports ahead of the reports when "fast money" returns. our mission is to help our members achieve financial independence to realize their ambitions. getting your money right requires more than a financial service provider. it requires a partner that is there for every major financial decision in our member's life and all the days in between.

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check out paypal kick off the week with big gains. they report earnings after the bill and let's get to mike koe for the setup. >> right now the market is implying a move by over 7% in line with how the stock has performed over the last eight reported quarters. earlier in the day it was the weekly 170 calls that were active and if you've been fog the stock you'll notice it ended up more than 5% today and it is a rallied through the 170 strike price it was the 1830 calls that became the most actively traded and we saw about 4,900 of those trading for an average of just over $2 a contract there was news that those could be good and the rally that we saw last friday and today could continue into the week. >> bonawyn, what do you think of paypal

>> momentum trade which makes a lot of sense given the spike in volatility i would like to see the spread with an upside cost and grabbing on the cost basis. >> mike, thanks for that. >> cramer is making a case for papial in the vesting club newsletter join the club or use the qr code on your screen more options action, full show friday at 5:30 at 1:00 p.m one stock posting sizzling hot gains today. the name and your final trades when "fast money" returns. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this.

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outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. welcome back to "fast money. shares of beyond meat sizzling higher on a barclay's double upgrade. the analysts flipping from a buy to a sell saying restaurant partnerships will boost this stock 15%, guy in, a single day. can you be on board this call? >> so i'm not going to do it because i think our viewing audience has gotten tired of hearing about my constitution, but, yes, i can get on board

because if you look at where we recently traded down to and recent meaning last week, we basically traded down to and touched the lows we saw in march i believe of 2020 so just for a trading opportunity you've got to believe that all the pessimism is now in the name, and there's some upside so good for them for upgrading the stock. goodfor me for not participating in their product >> bonawyn, do you like the beyond meat? >> i can see guy reaching for the presidento as i speak. i personally prefer the impossible foods, but, yeah, i don't think it's so bad. >> i thought he was going to say i prefer a t-bone. karen, we started the show talking about bombed-out stocks and here we are, this is one of them can you see this one bouncing? >> yeah, i guess i mean, it's a good day to be a company that doesn't earn money yet, right they were very in favor today. not that they are doing anything

wrong. they are doing a great job but for me, no, i'm going pass on that. >> no. for more on this barclays call on beyond meat head over to cnbc.com/probe time for the final trade let's go around the horn tim seymour? >> yes, sell serve guy's constitution and buyer of jpmorgan and this is the time to buy banks after the earnings season beaten down. it's the right time. >> bonawyn >> growth at a discount, salute, kathy woods, trmb. >> karen finerman? >> you know, recently the cnbc sent us a return so i can now see the show so, guy, i haven't seep where you've been shooting for for a long time melissa, did you set him up at the harvard club at asy sgh cigar where are you? nice to see your face. facebook another earnings platform. earnings tomorrow. >> guy, got an upgrade from the basement i guess

>> yeah. i moved from the basement for the time being i'm trying to have it repainted and maybe bring some nice curtains in. it's always good to have, you know, the accoutrements in your background liand room raider will do me a sod my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money," welcome to cramerica other people make friends, i want to make money my job is to educate and teach call me at 800-743-cnbc or tweet me at jim cramer the growth selling may be over and the value selling may have begun. hey that is my tak